Retirement Target Alt-10 Gld-10 AltDiv-10

Asset Allocation

Position	Category/Sector	Target Weight
AQMNX AQR Managed Futures Strategy Fund Class N	Systematic Trend	0%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	Short-Term Bond	7.40%
DBMF iM DBi Managed Futures Strategy ETF	Hedge Fund, Actively Managed	10%
DODGX Dodge & Cox Stock Fund Class I	Large Cap Value Equities	5%
FTGC First Trust Global Tactical Commodity Strategy Fund	Commodities, Actively Managed	0%
GLDM SPDR Gold MiniShares Trust	Precious Metals, Gold	10%
ICSH iShares Ultra Short Duration Bond Active ETF	Ultrashort Bond	1.90%
IEF iShares 7-10 Year Treasury Bond ETF	Government Bonds	0%
JAAA Janus Henderson AAA CLO ETF	CLO	1.90%
JMSIX JPMorgan Income Fund	Multisector Bonds	5.80%
MALOX BlackRock Global Allocation Fund	Global Allocation	5%
QDSNX AQR Diversifying Strategies Fund Class N	Tactical Allocation	10%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	1.60%
SPAXX Fidelity Government Money Market Fund	Money Market	6.80%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	Total Bond Market	7.30%
VIG Vanguard Dividend Appreciation ETF	Dividend	1.60%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	Inflation-Protected Bonds	7.40%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	Large Cap Growth Equities	8.30%
VWELX Vanguard Wellington Fund Investor Shares	Diversified Portfolio	5%
VXUS Vanguard Total International Stock ETF	Foreign Large Cap Equities	2.50%
VYMI Vanguard International High Dividend Yield ETF	Dividend, Foreign Large Cap Equities	2.50%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Retirement Target Alt-10 Gld-10 AltDiv-10, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is May 25, 2021, corresponding to the inception date of SPAXX

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Retirement Target Alt-10 Gld-10 AltDiv-10	-0.16%	-1.86%	2.27%	5.74%	15.78%	11.88%	—	—
Portfolio components:
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	1.06%	-2.99%	-0.86%	1.64%	21.46%	17.17%	9.40%	—
VWELX Vanguard Wellington Fund Investor Shares	0.54%	-2.74%	-2.83%	0.05%	14.29%	12.85%	7.69%	9.38%
VXUS Vanguard Total International Stock ETF	-0.68%	-2.51%	2.81%	6.58%	28.04%	15.41%	7.43%	9.01%
VYMI Vanguard International High Dividend Yield ETF	-0.11%	-0.87%	6.26%	13.90%	33.42%	20.17%	12.59%	10.36%
MALOX BlackRock Global Allocation Fund	0.90%	-2.94%	-1.32%	1.48%	17.23%	11.83%	4.89%	7.77%
VIG Vanguard Dividend Appreciation ETF	0.16%	-3.69%	-1.33%	0.36%	12.71%	13.72%	9.86%	12.36%
SCHD Schwab U.S. Dividend Equity ETF	0.16%	-2.44%	12.35%	13.88%	13.89%	11.70%	8.35%	12.30%
DODGX Dodge & Cox Stock Fund Class I	0.25%	-3.79%	-1.41%	0.98%	7.46%	14.05%	9.43%	12.58%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	0.00%	-1.53%	-0.28%	0.30%	3.78%	3.52%	0.20%	1.61%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	0.08%	-0.44%	0.23%	1.22%	4.20%	4.23%	1.70%	1.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 26, 2021, Retirement Target Alt-10 Gld-10 AltDiv-10's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, your investment would double in approximately 9.8 years.

Historically, 70% of months were positive and 30% were negative. The best month was Mar 2024 with a return of +3.2%, while the worst month was Mar 2026 at -3.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Retirement Target Alt-10 Gld-10 AltDiv-10 closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +2.6%, while the worst single day was Apr 4, 2025 at -2.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.92%	2.93%	-3.76%	0.32%									2.27%
2025	2.38%	0.85%	0.27%	0.64%	1.50%	1.99%	0.02%	2.17%	2.90%	1.37%	1.27%	0.93%	17.51%
2024	0.51%	1.51%	3.20%	-0.45%	1.74%	0.60%	1.31%	0.90%	1.60%	-1.10%	1.40%	-1.57%	9.99%
2023	2.86%	-1.71%	0.72%	0.88%	-1.09%	2.02%	1.48%	-0.73%	-0.98%	-0.32%	2.90%	2.08%	8.28%
2022	-0.92%	0.16%	0.89%	-1.29%	0.49%	-2.89%	1.47%	-1.53%	-3.31%	2.32%	3.01%	-0.87%	-2.65%
2021					0.33%	-0.79%	0.72%	0.32%	-1.62%	1.88%	-1.37%	2.15%	1.56%

Benchmark Metrics

Retirement Target Alt-10 Gld-10 AltDiv-10 has an annualized alpha of 4.58%, beta of 0.27, and R² of 0.62 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (35.91%) than losses (26.19%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.58% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.27 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 4.58%

Beta: 0.27

R²: 0.62

Upside Capture: 35.91%

Downside Capture: 26.19%

Expense Ratio

Retirement Target Alt-10 Gld-10 AltDiv-10 has an expense ratio of 0.55%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

QDSNX

AQR Diversifying Strategies Fund Class N

AQMNX

AQR Managed Futures Strategy Fund Class N

FTGC

First Trust Global Tactical Commodity Strategy Fund

DBMF

iM DBi Managed Futures Strategy ETF

MALOX

BlackRock Global Allocation Fund

DODGX

Dodge & Cox Stock Fund Class I

JMSIX

JPMorgan Income Fund

VWELX

Vanguard Wellington Fund Investor Shares

JAAA

Janus Henderson AAA CLO ETF

IEF

iShares 7-10 Year Treasury Bond ETF

Return for Risk

Risk / Return Rank

Retirement Target Alt-10 Gld-10 AltDiv-10 ranks 89 for risk / return — in the top 89% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.18	0.88	+1.30
Sortino ratio Return per unit of downside risk	2.96	1.37	+1.59
Omega ratio Gain probability vs. loss probability	1.46	1.21	+0.25
Calmar ratio Return relative to maximum drawdown	3.08	1.39	+1.69
Martin ratio Return relative to average drawdown	12.45	6.43	+6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	70	1.33	1.92	1.29	1.93	8.84
VWELX Vanguard Wellington Fund Investor Shares	66	1.25	1.83	1.28	1.89	8.42
VXUS Vanguard Total International Stock ETF	80	1.63	2.25	1.33	2.52	9.49
VYMI Vanguard International High Dividend Yield ETF	90	2.11	2.79	1.44	3.04	12.35
MALOX BlackRock Global Allocation Fund	80	1.61	2.31	1.32	2.18	9.32
VIG Vanguard Dividend Appreciation ETF	43	0.84	1.28	1.19	1.24	5.41
SCHD Schwab U.S. Dividend Equity ETF	40	0.89	1.34	1.19	1.09	3.69
DODGX Dodge & Cox Stock Fund Class I	15	0.51	0.80	1.12	0.67	2.79
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	31	0.85	1.24	1.15	1.46	4.10
BSV Vanguard Short-Term Bond Index Fund ETF Shares	91	2.11	3.37	1.42	3.21	12.06

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Retirement Target Alt-10 Gld-10 AltDiv-10 Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 2.18
All Time: 1.30

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.99 to 1.68, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Retirement Target Alt-10 Gld-10 AltDiv-10 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Retirement Target Alt-10 Gld-10 AltDiv-10 provided a 4.22% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.22%	4.37%	3.74%	3.54%	4.18%	4.00%	2.56%	3.27%	2.38%	1.85%	1.25%	1.59%
Portfolio components:
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	1.78%	1.80%	1.92%	2.06%	2.17%	1.79%	1.64%	2.28%	0.00%	0.00%	0.00%	0.00%
VWELX Vanguard Wellington Fund Investor Shares	11.86%	11.46%	10.76%	6.01%	8.19%	8.64%	7.77%	4.67%	9.49%	5.82%	4.44%	7.03%
VXUS Vanguard Total International Stock ETF	2.95%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%
VYMI Vanguard International High Dividend Yield ETF	3.61%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%	0.00%
MALOX BlackRock Global Allocation Fund	9.34%	9.22%	7.68%	1.54%	6.01%	10.32%	10.15%	5.68%	5.50%	4.81%	2.10%	9.86%
VIG Vanguard Dividend Appreciation ETF	1.60%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
DODGX Dodge & Cox Stock Fund Class I	9.86%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	3.62%	3.88%	3.69%	3.12%	2.61%	1.81%	2.41%	2.75%	2.58%	2.56%	2.54%	2.84%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	3.93%	3.83%	3.38%	2.46%	1.50%	1.45%	1.79%	2.29%	1.99%	1.65%	1.48%	1.40%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Retirement Target Alt-10 Gld-10 AltDiv-10. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Retirement Target Alt-10 Gld-10 AltDiv-10 was 7.57%, occurring on Sep 30, 2022. Recovery took 177 trading sessions.

The current Retirement Target Alt-10 Gld-10 AltDiv-10 drawdown is 3.53%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-7.57%	Mar 28, 2022	131	Sep 30, 2022	177	Jun 15, 2023	308
-5.16%	Mar 2, 2026	19	Mar 26, 2026	—	—	—
-4.78%	Feb 19, 2025	35	Apr 8, 2025	13	Apr 28, 2025	48
-3.49%	Jul 17, 2024	14	Aug 5, 2024	14	Aug 23, 2024	28
-2.73%	Aug 1, 2023	46	Oct 4, 2023	33	Nov 20, 2023	79

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 21 assets, with an effective number of assets of 14.06, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	SPAXX	JAAA	QDSNX	AQMNX	DBMF	FTGC	ICSH	GLDM	VTIP	IEF	VBTIX	BSV	JMSIX	SCHD	DODGX	VIG	VYMI	VXUS	VTWAX	VWELX	MALOX	Portfolio
Benchmark	1.00	0.00	0.13	0.13	-0.05	0.12	0.21	0.10	0.10	0.14	0.07	0.12	0.12	0.27	0.71	0.83	0.90	0.68	0.76	0.96	0.96	0.89	0.77
SPAXX	0.00	1.00	0.01	-0.02	-0.02	-0.03	-0.05	0.04	-0.00	0.05	0.03	0.13	0.06	0.21	0.05	0.02	0.03	-0.05	-0.04	-0.01	0.00	-0.01	0.03
JAAA	0.13	0.01	1.00	0.07	-0.02	-0.00	0.04	0.18	0.03	0.03	0.01	0.02	0.04	0.06	0.12	0.12	0.15	0.12	0.11	0.13	0.14	0.12	0.12
QDSNX	0.13	-0.02	0.07	1.00	0.53	0.38	0.30	-0.10	0.08	0.04	-0.11	-0.11	-0.12	-0.10	0.15	0.20	0.14	0.28	0.19	0.16	0.14	0.17	0.34
AQMNX	-0.05	-0.02	-0.02	0.53	1.00	0.53	0.07	-0.25	-0.05	-0.24	-0.45	-0.45	-0.42	-0.34	-0.13	-0.06	-0.10	-0.05	-0.07	-0.06	-0.12	-0.07	0.03
DBMF	0.12	-0.03	-0.00	0.38	0.53	1.00	0.23	-0.23	0.07	-0.17	-0.37	-0.36	-0.34	-0.30	0.05	0.11	0.09	0.10	0.10	0.12	0.05	0.09	0.29
FTGC	0.21	-0.05	0.04	0.30	0.07	0.23	1.00	-0.03	0.40	0.24	-0.06	-0.06	-0.02	0.04	0.25	0.25	0.18	0.36	0.32	0.26	0.20	0.28	0.44
ICSH	0.10	0.04	0.18	-0.10	-0.25	-0.23	-0.03	1.00	0.21	0.39	0.47	0.48	0.55	0.43	0.10	0.09	0.12	0.15	0.17	0.13	0.17	0.19	0.20
GLDM	0.10	-0.00	0.03	0.08	-0.05	0.07	0.40	0.21	1.00	0.38	0.32	0.31	0.36	0.30	0.12	0.09	0.12	0.34	0.33	0.19	0.18	0.29	0.55
VTIP	0.14	0.05	0.03	0.04	-0.24	-0.17	0.24	0.39	0.38	1.00	0.61	0.59	0.68	0.57	0.18	0.13	0.17	0.20	0.19	0.17	0.25	0.26	0.36
IEF	0.07	0.03	0.01	-0.11	-0.45	-0.37	-0.06	0.47	0.32	0.61	1.00	0.96	0.89	0.65	0.07	0.02	0.11	0.12	0.13	0.10	0.24	0.20	0.24
VBTIX	0.12	0.13	0.02	-0.11	-0.45	-0.36	-0.06	0.48	0.31	0.59	0.96	1.00	0.86	0.71	0.12	0.06	0.16	0.15	0.17	0.14	0.29	0.24	0.28
BSV	0.12	0.06	0.04	-0.12	-0.42	-0.34	-0.02	0.55	0.36	0.68	0.89	0.86	1.00	0.72	0.13	0.08	0.16	0.19	0.20	0.16	0.27	0.27	0.30
JMSIX	0.27	0.21	0.06	-0.10	-0.34	-0.30	0.04	0.43	0.30	0.57	0.65	0.71	0.72	1.00	0.26	0.25	0.28	0.32	0.35	0.32	0.38	0.41	0.41
SCHD	0.71	0.05	0.12	0.15	-0.13	0.05	0.25	0.10	0.12	0.18	0.07	0.12	0.13	0.26	1.00	0.86	0.85	0.68	0.65	0.73	0.69	0.67	0.68
DODGX	0.83	0.02	0.12	0.20	-0.06	0.11	0.25	0.09	0.09	0.13	0.02	0.06	0.08	0.25	0.86	1.00	0.86	0.75	0.75	0.85	0.79	0.78	0.75
VIG	0.90	0.03	0.15	0.14	-0.10	0.09	0.18	0.12	0.12	0.17	0.11	0.16	0.16	0.28	0.85	0.86	1.00	0.69	0.73	0.88	0.89	0.82	0.76
VYMI	0.68	-0.05	0.12	0.28	-0.05	0.10	0.36	0.15	0.34	0.20	0.12	0.15	0.19	0.32	0.68	0.75	0.69	1.00	0.95	0.82	0.70	0.82	0.83
VXUS	0.76	-0.04	0.11	0.19	-0.07	0.10	0.32	0.17	0.33	0.19	0.13	0.17	0.20	0.35	0.65	0.75	0.73	0.95	1.00	0.90	0.78	0.89	0.84
VTWAX	0.96	-0.01	0.13	0.16	-0.06	0.12	0.26	0.13	0.19	0.17	0.10	0.14	0.16	0.32	0.73	0.85	0.88	0.82	0.90	1.00	0.94	0.95	0.84
VWELX	0.96	0.00	0.14	0.14	-0.12	0.05	0.20	0.17	0.18	0.25	0.24	0.29	0.27	0.38	0.69	0.79	0.89	0.70	0.78	0.94	1.00	0.90	0.80
MALOX	0.89	-0.01	0.12	0.17	-0.07	0.09	0.28	0.19	0.29	0.26	0.20	0.24	0.27	0.41	0.67	0.78	0.82	0.82	0.89	0.95	0.90	1.00	0.87
Portfolio	0.77	0.03	0.12	0.34	0.03	0.29	0.44	0.20	0.55	0.36	0.24	0.28	0.30	0.41	0.68	0.75	0.76	0.83	0.84	0.84	0.80	0.87	1.00

The correlation results are calculated based on daily price changes starting from May 26, 2021

Retirement Target Alt-10 Gld-10 AltDiv-10

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table